Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

Features

๐Ÿ“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

๐Ÿ”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

๐Ÿง  Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

๐ŸŒ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

Why Choose Economics Terms Lexicon?

  • Accuracy and Reliability: With references to official publications and government sites, you can trust the information provided.
  • Interactive Learning: Our quizzes offer an engaging way to reinforce your learning and test your understanding of each term.
  • Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.

Join Our Learning Community

Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโ€™re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.


Implicit Cost
Exploring the concept of implicit costs in economics, its definition and significance.
Implied Volatility
A term used in the options market to denote the volatility of the underlying security suggested by the market price of an option contract.
Import Deposit
A requirement to place a blocked deposit in advance with the central bank as the condition for obtaining foreign currency to pay for imports.
Import Duties Act
The UK Act of Parliament passed in 1932, which imposed a 10 per cent tariff on most items from non-Commonwealth countries, marking the end of the free trade era.
Import Duty
Detailed explanation of Import Duty and its implications in economics
Import Levy
An economic term referring to a tax or duty imposed on imported goods, often used interchangeably with tariff.
Import Licence
A government-issued permit required for the importation of specified goods.
Import Quota
A quantitative limit to imports of certain goods, often implemented to protect domestic industries.
Import Substitution
A strategy for the industrialization of less developed countries (LDCs), focusing on replacing imports with domestically produced substitutes.